Snapshot of southern california real estate inventory


I hope you will find the following snapshot of local So. Cal Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot as of January 28, 2011

Orange County

Property Type Average List Price Median List Price Average Days On Market
Single Family under $1M $542,433 $510,000 112
Single Family over $1M $3,164,783 $1,995,000 169
Condo/Townhome under $600K $303,001 $287,500 116
Condo/Townhome over $600K $1,073,937 $840,000 137

 

 Los Angeles County

Property Type Average List Price Median List Price Average Days On Market
Single Family under $600K $310,723 $299,000 106
Single Family over $600K $996,659 $789,000 168
Condo/Townhome under $400K $214,720  $200,000  122
Condo/Townhome over $400K $639,090 $539,900 154

 

Riverside County, CA

Property Type Average List Price Median List Price Average Days On Market
Single Family under $700K $220,586 $191,000 145
Single Family over $700K $2,103,385 $1,199,000 196
Condo/Townhome under $150K $97,099 $99,000 112
Condo/Townhome over $150K $252,842 $206,990 122

 

MORTGAGE RATES (National Averages as of January 28, 2011)*

30-year fixed    Rate – 4.78%

15-year fixed    Rate – 4.08%

5/1 ARM         Rate – 3.42%

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.

And Thank You for making me Your Orange County Real Estate Specialist!

Best Regards,

Michael Caruso, Broker ABR ABRM CLHMS CRB CRS GRI GREEN

2007 President, Orange County Association of Realtors

www.michaelcarusorealestate.com

949-753-7900

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